STATEMENT PURSUANT TO MODERN SLAVERY ACT 2015
This statement is issued by TITAN Containers S/A (the “Company”), a company incorporated under the laws of Denmark, on behalf of itself and its UK subsidiary, TITAN Containers Ltd, which is required to make a statement (together “TITAN”, “we” or “us”), in compliance with section 54 of the Modern Slavery Act 2015 (the “Act”).
TITAN endorses the principles of the United Nations’ Universal Declaration of Human Rights and the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, and is strongly committed to respect human rights and to provide a fair, safe and healthy working environment and we do not tolerate or support practices which in any way contravene these standards.
Regulatory demands upon TITAN vary considerably around the world, so TITAN continuously aims at establishing core principles to ensure full compliance by all TITAN group companies around the world, including compliance with specific local regulations. In this regard, TITAN complies with laws and regulations applicable to all the places where we conduct our business, including those relating to the hiring and retention of our employees, work hours, minimum wages and leave entitlements.
OUR BUSINESS
TITAN is one of the largest privately owned companies supplying shipping and storage containers for a vast multitude of applications around the world. While performing our business, we act fairly towards our employees and require them to act fairly in their dealings with fellow employees, customers, suppliers and other business partners and we encourage all of them to take action if they have any concerns about unethical, illegal or improper or suspicious behaviour. We place a high priority on conducting our business in compliance with the law and in accordance with the highest standards of business ethics.
All our employees have written employment agreements and we respect their right to form and join trade unions of their own choosing, to bargain collectively and to engage in peaceful assembly, as well as to refrain from such activities.
Our employees are encouraged to openly communicate and share ideas and concerns with management regarding working conditions and management practices without fear of discrimination, reprisal, intimidation or harassment. However, we believe some employees might be reluctant to go ahead and report irregularities or suspicions of irregularities or wrongdoings and therefore we have created a TITAN whistleblower portal which aims to increase their ability to speak out about illegal, irregular or objectionable facts, or the suspicion of such facts, and to keep their privacy protected by remaining confidential if they so wish.
CODES OF CONDUCT
TITAN’s Employee Code of Conduct (“Employee Code of Conduct”) and Supplier Code of Conduct (“Supplier Code of Conduct”) available online, sets out our business and ethical requirements, including respecting human rights and core labour principles, that shall govern the activities of our Group and the activities of our employees, suppliers and other business partners across our global operations. Our Codes of Conduct expressly include our commitment to core labour principles and human rights and reinforces our zero-tolerance policy to any sort of modern slavery and human trafficking.
SUPPLY CHAIN
Our major global and local suppliers have already adhered to our Supplier Code of Conduct or have their own high business and ethical requirements and we continuously work on getting new suppliers to adhere to it and confirm their compliance with high standards of work ethics, including but not limited to national and regional statutory requirements in the country in which they operate, including any applicable laws regarding human trafficking, forced labour and other forms of modern slavery. To have access to the full text of our Supplier Code of Conduct, please follow link above.
Furthermore, our key personnel has regularly visited our major suppliers’ production sites, constantly reviewing working conditions and workers’ health and safety. Such visits have been affected by the Covid-19 pandemic and the travel and movement restrictions related therefrom, but our aim is to re-establish such regular visits as soon as possible.
This statement is made pursuant to section 54 of the United Kingdom’s Modern Slavery Act 2015 and constitutes the slavery and human trafficking statement of the Relevant Entities for the year ended 31 December 2021.
Approved by the Board of Directors of TITAN Containers A/S on 19.04.2022.